Rod James
Rod James is a reporter with Secondaries Investor and also contributes to sister title PrivateEquityInternational.com. He is based in the London office. Prior to PEI, his roles included a stint as a freelancer covering fintech and transaction banking, CEEMEA capital markets reporter with EMEA Finance magazine, and editor of the Latin American political and economic risk team at IHS Global Insight.
Many companies need extra time and capital to continue making add-on acquisitions, according to the bank's head of secondaries Nash Waterman.
Several advisors are looking at how special purpose acquisition companies can widen investor access to GP-led secondaries deals, though the obstacles are many.
Fifteen people have moved across from Greenhill, following in the footsteps of five managing directors who made the move across last year.
Trey Muldrow spent 23 years with Akin Gump, where he worked on buyouts, mergers, spinouts and complex secondaries deals.
The process is focused on UK-headquartered Peel Ports Group, whose sale of a stake in 2020 to AustralianSuper valued the business at more than €4bn.
The Carlyle Group subsidiary acquired a portfolio of healthcare assets that will be managed by newly formed GP Assured Healthcare Partners.
Hamilton Lane Secondary Fund V is the largest commingled fund yet raised by the Bala Cynwyd-headquartered alternatives manager.
Secondaries funds returned net IRR of negative 1.75% in Q2 – the only strategy to go into negative territory – according to the latest data from the industry body.
Abbott Secondary Opportunities II is targeting concentrated opportunities with clear return drivers, said managing director Meredith Rerisi.
The secondaries firm expects to match or exceed previous fundraising cycles despite the impact of covid-19, according to the chief executive of parent company BrightSphere.